Tag: Valar Ventures

A bombshell New York Times investigation has detonated in the heart of Silicon Valley, revealing that the late Jeffrey Epstein, notorious sex offender and financier, secretly invested $40 million in Valar Ventures—a venture capital firm co-founded by none other than Peter Thiel, the billionaire PayPal co-creator and tech kingmaker. That investment, made in 2015 and 2016, has since ballooned to a staggering $170 million, now the single largest asset in Epstein’s estate.

Berlin's PayTech Ivy, renowned for its innovative API, has announced its successful raise of $20 million in Series A funding at a $80-$90 million valuation. The funding was helmed by Peter Thiel's Valar Ventures round on LinkedIn. This new funding round came just five weeks after Ivy closed its seed financing round of $7.7 million, which saw investments from venture firm Creandum and prominent investors, including N26's founder, Maximilian Tayenthal.

TransferWise prepared for a blockbuster IPO and appointed the two Wall Street giants Goldman Sachs and Morgan Stanley as joint coordinators, Sky News reported last week. The surprising thing here is the decision in favor of a listing in London and against New York. This is certainly an important milestone for London to remain Europe's most important financial center after Brexit. The valuation for the IPO is expected to exceed $5 billion. And hey, they are profitable!